Citadel Advisors LLC lowered its stake in shares of Advanced Disposal Services Inc. (NYSE:ADSW) by 69.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,168 shares of the company’s stock after selling 353,342 shares during the period. Citadel Advisors LLC owned about 0.18% of Advanced Disposal Services worth $3,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ADSW. Russell Investments Group Ltd. grew its stake in Advanced Disposal Services by 7,290.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 60,897 shares of the company’s stock valued at $1,384,000 after acquiring an additional 60,073 shares in the last quarter. Jennison Associates LLC grew its stake in Advanced Disposal Services by 1.2% during the 3rd quarter. Jennison Associates LLC now owns 2,529,995 shares of the company’s stock valued at $63,731,000 after acquiring an additional 28,767 shares in the last quarter. Tygh Capital Management Inc. purchased a new stake in Advanced Disposal Services during the 2nd quarter valued at about $4,461,000. Nationwide Fund Advisors grew its stake in Advanced Disposal Services by 217.7% during the 2nd quarter. Nationwide Fund Advisors now owns 41,647 shares of the company’s stock valued at $947,000 after acquiring an additional 28,538 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Advanced Disposal Services by 19,290.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 74,266 shares of the company’s stock valued at $1,688,000 after acquiring an additional 73,883 shares in the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.

In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the sale, the insider now directly owns 195,069 shares of the company’s stock, valued at approximately $4,946,949.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,035,876 shares of company stock worth $436,300,856. 1.20% of the stock is owned by insiders.

Advanced Disposal Services Inc. (NYSE:ADSW) opened at $23.04 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25. Advanced Disposal Services Inc. has a fifty-two week low of $19.23 and a fifty-two week high of $25.71. The company has a market cap of $2,040.00 and a P/E ratio of 41.66.

Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The business had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $383.11 million. During the same period in the previous year, the company earned $0.06 earnings per share. Advanced Disposal Services’s quarterly revenue was up 8.9% on a year-over-year basis. research analysts anticipate that Advanced Disposal Services Inc. will post 0.52 earnings per share for the current year.

Several equities analysts have weighed in on ADSW shares. Barclays lowered shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Monday, August 7th. Deutsche Bank boosted their target price on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Stifel Nicolaus lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.13.

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About Advanced Disposal Services

Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.

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Institutional Ownership by Quarter for Advanced Disposal Services (NYSE:ADSW)

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